Category Archives: Astoria

It’s been a busy July for Gandolfo DiFiore, of MDM Development Group LLC. The group consisting of Mr. Difiore and Ginetta Modica just completed an assemblage of three tax lots for a total purchase price of $8.5 million. In June, DiFiore purchased 23-77 & 23-79

Nowak and Eshaghian of Marcus & Millichap Sell 48,750 BSF Hotel Development Site In LIC for United Hoisting to Mike Singh QUEENS, NY, April 10, 2017 – Marcus & Millichap (NYSE: MMI), a leading commercial real estate investment services firm with offices throughout the United

Astoria, an area known for its rustic remnants of old factories and warehouses, will be getting a stunning enhancement to the middle of the neighborhood at 29-10 Broadway. Jestam Realty, a Bronx based developer, is teaming up with Aufgang Architects to design a luxurious five-story,

25-77 & 25-79 31st street are two 2-family properties that are located next door to each other on 31st street the buyer intended to buy it as a development sight. Together the properties will offer 50 feet of frontage and approximately 21,538 buildable square feet.

The Malechite Group Ltd, is in contract to sell their building at 28-18 Steinway Street in Astoria for $12.5 million, according to Manny Malekan, Principal of the Malechite Group. The property is a 24,600 square foot mixed-use office and retail building along Astoria busy Steinway

Is Astoria still investment worthy? Since Q1 2015 the Astoria multifamily market has seen a major decline in all aspects of trades, such as sales volume, number of transactions, average price per unit and average price per square foot. All this data point to one

Astoria Office Complex Sells for 16 Million: 48-02 25th Avenue is a 100,000 SF office building that is located in the heart of Astoria. With over 72 parking spaces this is was a very rare office building for Western Queens. Owners John Sismanoglou and Anthony

According to a recent market report by Justin Liniado – Associate Director of Multifamily at CPEX, investment sales in the Queens multi-family market saw a year of strong, steady growth in 2015. Rising market rents and a steady increase in condo and commercial transactions has

There is no stopping the development of residential properties in Queens, which is very evident at filed plans for many different sites in the locality. From former business and commercial sites being transformed to luxury condos to entirely new apartment development,

The industrial stretch of Vernon Boulevard, winding along the Astoria waterfront has been slowly giving rise to huge residential developments. This low-slung community is now home to large residential projects including Alma Realty’s 1-story two-tower complex under construction next to Ravenswood Generating Station. Recently, another